4 Stocks Pushing The Technology Sector Higher

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model

Two out of the three major indices are trading lower today with the Dow Jones Industrial Average ( ^DJI) trading down 19 points (-0.1%) at 13,006 as of Monday, Dec. 3, 2012, 11:50 AM ET. The NYSE advances/declines ratio sits at 1,239 issues advancing vs. 1,655 declining with 129 unchanged.

The Technology sector currently sits down 0.2% versus the S&P 500, which is down 0.1%. Top gainers within the sector include Qihoo 360 Technology ( QIHU), up 11.0%, VeriSign ( VRSN), up 6.6%, Dell ( DELL), up 5.8%, Ericsson Telephone Company ( ERIC), up 1.2% and Baidu ( BIDU), up 1.4%. On the negative front, top decliners within the sector include Kyocera Corporation ( KYO), down 1.9%, China Telecom ( CHA), down 2.0%, Nippon Telegraph & Telephone ( NTT), down 1.2% and China Unicom (Hong Kong ( CHU), down 1.0%.

TheStreet Ratings group would like to highlight 4 stocks pushing the sector higher today:

4. AU Optronics Corporation ( AUO) is one of the companies pushing the Technology sector higher today. As of noon trading, AU Optronics Corporation is up $0.26 (6.3%) to $4.38 on light volume Thus far, 431,410 shares of AU Optronics Corporation exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $4.34-$4.40 after having opened the day at $4.38 as compared to the previous trading day's close of $4.12.

AU Optronics Corp., together with its subsidiaries, engages in the design, development, manufacture, assembly, and marketing of flat panel displays, primarily thin film transistor liquid crystal display (TFT-LCD) panels. AU Optronics Corporation has a market cap of $3.6 billion and is part of the electronics industry. Shares are down 6.0% year to date as of the close of trading on Friday. Currently there is 1 analyst that rates AU Optronics Corporation a buy, no analysts rate it a sell, and 1 rates it a hold.

TheStreet Ratings rates AU Optronics Corporation as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, generally high debt management risk, disappointing return on equity, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. Get the full AU Optronics Corporation Ratings Report now.

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3. As of noon trading, Geospace Technologies ( GEOS) is up $15.02 (24.6%) to $76.23 on average volume Thus far, 36,644 shares of Geospace Technologies exchanged hands as compared to its average daily volume of 97,100 shares. The stock has ranged in price between $75.55-$79.11 after having opened the day at $77.50 as compared to the previous trading day's close of $61.20.

Geospace Technologies Corporation engages in the design and manufacture of instruments and equipment used in the acquisition and processing of seismic data; and characterization and monitoring of producing oil and gas reservoirs. Geospace Technologies has a market cap of $960.2 million and is part of the electronics industry. The company has a P/E ratio of 22.8, above the S&P 500 P/E ratio of 17.7. Shares are up 94.8% year to date as of the close of trading on Friday. Currently there are 5 analysts that rate Geospace Technologies a buy, no analysts rate it a sell, and none rate it a hold.

TheStreet Ratings rates Geospace Technologies as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, growth in earnings per share and increase in net income. We feel these strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value. Get the full Geospace Technologies Ratings Report now.

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2. As of noon trading, Thomson Reuters Corporation ( TRI) is up $0.28 (1.0%) to $27.82 on average volume Thus far, 345,996 shares of Thomson Reuters Corporation exchanged hands as compared to its average daily volume of 839,300 shares. The stock has ranged in price between $27.31-$27.86 after having opened the day at $27.49 as compared to the previous trading day's close of $27.54.

Thomson Reuters Corporation provides intelligent information for businesses and professionals worldwide. Thomson Reuters Corporation has a market cap of $22.5 billion and is part of the computer software & services industry. Shares are up 2.0% year to date as of the close of trading on Friday. Currently there are 4 analysts that rate Thomson Reuters Corporation a buy, 1 analyst rates it a sell, and 10 rate it a hold.

TheStreet Ratings rates Thomson Reuters Corporation as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and growth in earnings per share. However, as a counter to these strengths, we also find weaknesses including disappointing return on equity and poor profit margins. Get the full Thomson Reuters Corporation Ratings Report now.

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1. As of noon trading, Sap AG ADR ( SAP) is up $1.41 (1.8%) to $79.40 on average volume Thus far, 474,446 shares of Sap AG ADR exchanged hands as compared to its average daily volume of 1.2 million shares. The stock has ranged in price between $79.15-$79.60 after having opened the day at $79.50 as compared to the previous trading day's close of $77.99.

SAP AG provides enterprise application software and software-related services worldwide. Sap AG ADR has a market cap of $93.5 billion and is part of the computer software & services industry. The company has a P/E ratio of 20.9, above the S&P 500 P/E ratio of 17.7. Shares are up 47.2% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Sap AG ADR a buy, 2 analysts rate it a sell, and 11 rate it a hold.

TheStreet Ratings rates Sap AG ADR as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income. Get the full Sap AG ADR Ratings Report now.

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If you are interested in one of these 4 stocks, ETFs may be of interest. Investors who are bullish on the technology sector could consider Technology Select Sector SPDR ( XLK) while those bearish on the technology sector could consider ProShares Ultra Short Technology ( REW).

A reminder about TheStreet Ratings group: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

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